BTC Capital Management Inc. Cuts Holdings in O’Reilly Automotive, Inc. (ORLY)

BTC Capital Management Inc. decreased its holdings in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,637 shares of the specialty retailer’s stock after selling 863 shares during the quarter. BTC Capital Management Inc.’s holdings in O’Reilly Automotive were worth $2,506,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC lifted its holdings in O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 5 shares during the last quarter. HL Financial Services LLC lifted its holdings in O’Reilly Automotive by 1.4% during the 2nd quarter. HL Financial Services LLC now owns 2,005 shares of the specialty retailer’s stock valued at $439,000 after purchasing an additional 27 shares during the last quarter. First Personal Financial Services lifted its holdings in O’Reilly Automotive by 3.8% during the 2nd quarter. First Personal Financial Services now owns 1,049 shares of the specialty retailer’s stock valued at $230,000 after purchasing an additional 38 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of O’Reilly Automotive by 1.4% during the second quarter. Pacer Advisors Inc. now owns 3,053 shares of the specialty retailer’s stock worth $668,000 after buying an additional 42 shares in the last quarter. Finally, Monetary Management Group Inc. lifted its holdings in shares of O’Reilly Automotive by 16.3% during the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after buying an additional 65 shares in the last quarter. 97.98% of the stock is owned by institutional investors and hedge funds.

ORLY has been the subject of a number of research reports. Northcoast Research raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a report on Tuesday, July 18th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. set a $220.00 target price on O’Reilly Automotive and gave the stock a “buy” rating in a report on Thursday, October 26th. UBS AG reissued a “buy” rating and set a $240.00 target price (up previously from $230.00) on shares of O’Reilly Automotive in a report on Thursday, October 19th. Bank of America Corporation reissued a “buy” rating and set a $250.00 target price on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Finally, Citigroup Inc. lifted their target price on O’Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. O’Reilly Automotive presently has a consensus rating of “Hold” and a consensus target price of $243.48.

In other O’Reilly Automotive news, Director Rosalie Oreilly Wooten sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $200.87, for a total value of $1,004,350.00. Following the transaction, the director now owns 72,562 shares in the company, valued at $14,575,528.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Scott E. Kraus sold 1,500 shares of O’Reilly Automotive stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $212.49, for a total value of $318,735.00. Following the completion of the transaction, the senior vice president now owns 2,959 shares in the company, valued at approximately $628,757.91. The disclosure for this sale can be found here. Insiders sold 14,620 shares of company stock worth $2,959,471 in the last 90 days. 3.12% of the stock is owned by company insiders.

Shares of O’Reilly Automotive, Inc. (ORLY) traded up $3.34 during midday trading on Monday, hitting $214.43. The company had a trading volume of 851,000 shares, compared to its average volume of 1,332,907. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72. O’Reilly Automotive, Inc. has a 52 week low of $169.43 and a 52 week high of $286.57. The company has a market capitalization of $18,232.49, a PE ratio of 18.63, a P/E/G ratio of 1.27 and a beta of 0.80.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.07. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business earned $2.90 earnings per share. O’Reilly Automotive’s revenue was up 5.3% on a year-over-year basis. research analysts anticipate that O’Reilly Automotive, Inc. will post 11.91 earnings per share for the current year.

O’Reilly Automotive declared that its board has initiated a share buyback plan on Friday, September 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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Institutional Ownership by Quarter for O`Reilly Automotive (NASDAQ:ORLY)

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